Dai-ichi Life Holdings

Shareholder Return

Shareholder Return Policy

Our basic policy is to enhance our corporate value by balancing (1) the securing of our retained earnings, which are necessary to ensure financial security in order for us to be able to respond to future changes in the economic environment and to maintain our growth strategy and (2) appropriate distributions of profits to shareholders with consideration paid to our cost of capital.

Our profit distribution to shareholders is basically to be made through stable payment of dividends. We seek to maintain a total payout ratio (Note) of around 40% based on group adjusted profit, while seeking to enhance profit distribution through profit growth. We intend to decide yearly dividends by taking into account factors including our financial results, the market environment and any regulatory changes. We intend to examine whether to repurchase stocks by taking into account factors including our financial results and capital position.

  • Note:
    Total payout ratio = (dividends + stock repurchases) / (group adjusted profit)
Profit distribution(Dividends, Stock repurchase)=group adjusted profit×Total payout ratio. Other elements(Financial results, Market environment, Regulatory changes Capital position etc.)

Dividend History and Forecast

Interim Dividend
(per Share)
Year-end Dividend
(per Share)
Annual Dividends
(per Share)
Fiscal Year Ending
March 31, 2020 (forecast)
- 62yen 62yen
Fiscal Year Ended
March 31, 2019
- 58yen 58yen
Fiscal Year Ended
March 31, 2018
- 50yen 50yen